AGF Management Limited (TSE:AGF.B) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AGF Management Limited (TSE:AGF.B) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$12.46.

Several research analysts recently weighed in on the company. Desjardins upped their price target on AGF Management from C$12.50 to C$13.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. TD Securities lifted their target price on AGF Management from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Jefferies Financial Group increased their price target on shares of AGF Management from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Finally, BMO Capital Markets boosted their price objective on shares of AGF Management from C$10.00 to C$11.00 in a research report on Wednesday, January 8th.

Insider Transactions at AGF Management

In other AGF Management news, insider AGF EMPLOYEE BENEFIT PLAN TRUST bought 21,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of C$11.06 per share, for a total transaction of C$232,260.00. Over the last three months, insiders bought 89,700 shares of company stock worth $1,033,992. 18.70% of the stock is owned by insiders.

AGF Management Trading Up 0.8 %

TSE AGF.B opened at C$10.39 on Wednesday. The firm’s 50 day moving average price is C$10.81 and its two-hundred day moving average price is C$10.45. The stock has a market cap of C$663.51 million, a price-to-earnings ratio of 8.12, a PEG ratio of 1.18 and a beta of 1.73. AGF Management has a twelve month low of C$7.37 and a twelve month high of C$11.95. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

About AGF Management

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary ofproviding Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages.